Diversify economy to tackle falling oil revenue -NSITF boss

Chairman of the Nigeria Social Insurance
Trust Fund, Dr. Ngozi Olejeme, on Tuesday
advised authorities of the three tiers of
government in Nigeria to fashion out a blue
print on how to diversify the economy.
She said, looking for an alternative means of
boosting the revenue base, instead of
depending solely on the prevailing dwindling
fortunes of oil revenue, remained the best
way to avoid unnecessary hardships for
Nigerians in the new year.
Olejeme, who stated this in a statement in
Abuja, explained that such proactive
strategy, would help create jobs for the
unemployed Nigerians and ultimately
salvage the economic crisis.
Olejeme believed that Nigeria was endowed
with enough human and natural resources to
tackle whatever challenges “if we harness
our potentials for good.”
She therefore asked all tiers of government
to as of a necessity, put on their thinking
caps in order to ensure smooth running of
the economy without oil revenue next year.
She also urged Nigerians to face the new
year with renewed hope and faith in Nigeria
in spite of the economic and security
challenges .
Olejeme, who was a governorship aspirant in
the just concluded Peoples Democratic
Party primary in Delta State, said the
economic downturn notwithstanding, Nigeria
could over come her difficulties “if only we
face the challenges with a common mission
and purpose.”